The flat-rate taxation of investments and EU law
The staggered payment of an exit charge and EU law
Australia, like the UK, has announced new measures countering the diversion of profits by multinationals, writes Heather Self (Pinsent Masons). The measures increase the pressure on the US to engage with the OECD’s BEPS project.
The definition of investment entities under FATCA, under the model IGA and under the UK IGA, regulations, guidance notes varies in important respects. Andrey Krahmal (Temple Tax Chambers) provides a summary of how the rules apply to investment entities most frequently encountered in practice.
The Jersey government is consulting tax agents on a number of options for changing the tax rules on distributions from Jersey resident companies, including extending the rules to Jersey trustees.
The European Parliament Special Tax Rulings Committee held a meeting on 11 May with the International Consortium of Investigative Journalists (ICIJ) to share their experiences on the November 2014 ‘Luxleaks’ revelations, where members of the European Parliament (MEPs) complimented them on their ‘
The OECD invites comments by 12 June 2015 on a new discussion draft for action 7 of the BEPS action plan (see www.bit.ly/1HmYCwj). This reflects comments received on the first discussion draft published in October 2014.
The European Parliament's Legal Affairs Committee on 7 May approved a draft directive enabling shareholders to vote on directors’ remuneration to ensure greater transparency and accountability.
City law firm RPC has said there has been a 29% rise in the number of tax investigations into internationally mobile high earners by HMRC in the last year, and that the firm ‘does not expect any let up in HMRC’s investigations of this class of high earners’.
Australia announced that it will be introducing two new tax measures in its Budget on Tuesday.